Frequency Therapeutics, Inc., a clinical-stage biotechnology company, focuses on developing therapeutics to activate a person's innate regenerative potential to restore function. Its Progenitor Cell Activation approach uses small molecules and activate progenitor cells within the body to create functional tissue. The company's lead product candidate is FX-322, which is in Phase IIa clinical trial to treat the underlying cause of sensorineural hearing loss. It is also developing medicines for patients across a range of degenerative conditions, including multiple sclerosis, and diseases of the muscle, gastrointestinal tract, skin, and bone. The company has a license and collaboration agreement with Astellas Pharma Inc. for the development and commercialization of FX-322, as well as collaboration and licensing agreements with Massachusetts Eye and Ear, the Massachusetts Institute of Technology, The Scripps Research Institute, and Cambridge Enterprises Limited. Frequency Therapeutics, Inc. was incorporated in 2014 and is headquartered in Lexington, Massachusetts.
Revenue of Frequency Therapeutics, Inc. (FREQ)
Revenue in 2022 (TTM): $
According to Frequency Therapeutics, Inc.'s latest financial reports the company's current revenue (TTM) is $. The revenue is the total amount of income that a company generates by the sale of goods or services. Unlike with the earnings no expenses are subtracted.
Revenue history of Frequency Therapeutics, Inc.
Annual Revenue
| Year | Revenue | Gross Profit | Ebitda | Income Before Tax | Net Income |
|---|---|---|---|---|---|
| 2022 | $ | $ | $-80,619,000 | $-81,582,000 | $-81,580,000 |
| 2021 | $14.07 M | $14.07 M | $-81,125,000 | $-84,671,000 | $-84,686,000 |
| 2020 | $36.98 M | $36.98 M | $-27,550,000 | $-26,476,000 | $-26,511,000 |
| 2019 | $28.95 M | $28.95 M | $-20,675,000 | $-18,746,000 | $-16,004,000 |
| 2018 | $ | $ | $-18,290,000 | $-19,168,000 | $-19,168,000 |
| 2017 | $ | $ | $-12,018,000 | $-20,237,000 | $-20,237,000 |